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Sergeu [11.5K]
3 years ago
5

Jim gets a job in a group home for disabled adults. The executive director tells Jim that if he works hard and earns favorable r

eviews, he could work his way up to a position of greater responsibility and income. Such a system is referred to as:_____________
a) meritocratic.
b) opportunistic.
c) individualistic.
d) entrepreneurial.
Business
1 answer:
Sveta_85 [38]3 years ago
3 0

Answer:

A) meritocratic.

Explanation:

Meritocratic:   It is defined as a social system where people´s status and success depend on their talent, skills, and contribution to society rather than wealth or social position. It gives priority to merit in society and promotes equality in society. The opposite of meritocratic is nepotism, which creates a gap in a society and provides an opportunity to only a privileged one.  Meritocracy term was first time used by Michael Young.

In the given case, Jim get a job, where executive director tell him that if he works hard and earns favorable reviews, he could work his way up to a position of greater responsibility and income. Therefore, such system is referred as Meritocratic.

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An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been
Anna71 [15]

Answer:

$332.26

Explanation:

The amount to be invested today is known as the Principle Value. We discount the future cash flows using the effective interest rate to arrive at the Principle Value.

Using a financial calculator, we can determine the Principle Value (PV) simply as follows :

PV = ??

PMT = - $100

P/YR = 1

I = 2 %

FV = $1,500

N = 10

This gives a PV of ($332.26)

therefore,

$332.26 should be deposited now to meet the goals.

6 0
3 years ago
The supplies inventory on August 1, 2017 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the s
VikaD [51]

Answer:

supplies expense 24,690 debit

    supplies                             24,690 credit

to record used supplied for the period

Explanation:

we will calcualte the suppliesexpense as follows:

beginning supplies + purchase = ending + consumption

the left side are the input of supplies from the period.

They can be in stock from prior period or being purchased during the current period

Then, the right side is the destination, they could be used or keep at inventory

Now, we plug the values into the formula andd solve for the missing value:

9,350 + 24,150 = 8,810 + consumption

9,350 + 24,150 - 8,810 = consumption = 24,690‬

This will be the supplies expense to recognize

3 0
3 years ago
Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
Pavel [41]

Answer:

Lowell Corporation

The amount that will be recorded as goodwill by Lowell Corporation to record its investment in Boston is:

= $5,000.

Explanation:

a) Data and Calculations:

Investment in Boston Company = $83,000

Fair value of assets = $98,000

Fair value of liabilities  23,000

Net value of assets = $75,000

Goodwill = $5,000 ($80,000 - $75,000)

b) Acquired Goodwill is the difference between the cost of purchasing Boston Company ($80,000) and the net identifiable assets of Boston Company ($75,000).  The net identifiable assets are calculated by subtracting the fair value of the liabilities from the fair value of the assets.

3 0
3 years ago
What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose
RUDIKE [14]

Answer:

a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.   - Yes

b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.  -  Yes

c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.  -  Yes

d. A weak Canadian dollar makes the cost of importing more expensive. - No

Explanation:

  • The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.
3 0
3 years ago
Explain the equation for the income statement. What are the three major items reported on the income statement?
Sergio039 [100]

The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.

The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.

Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.

To learn more about income statement : brainly.com/question/14308954

#SPJ4

4 0
2 years ago
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